Looking to balance out your exposure to PAYC? The ETFs below have the lowest correlation with PAYC — they tend to move on their own, which can help reduce risk when PAYC drops. The stock ideas table highlights individual companies that behave independently from PAYC.
Best Diversifiers for PAYC
7 ETFs have low correlation with PAYC (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of -0.11, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -0.11 | 0.18 | 0.38 | 95 | Semiconductors, Technology Equities | PAYC vs SOXX | |
| Vanguard FTSE All-World ex-US ETF | 0.03 | 0.26 | 0.39 | 56 | Foreign Large Cap Equities | PAYC vs VEU | |
| Invesco QQQ ETF | 0.10 | 0.31 | 0.51 | 59 | Nasdaq-100 | PAYC vs QQQ | |
| Vanguard S&P 500 ETF | 0.15 | 0.37 | 0.53 | 60 | S&P 500 | PAYC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.15 | 0.37 | 0.53 | 60 | S&P 500 | PAYC vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAYC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAYC and solid risk/return profiles. The least correlated is GE Vernova Inc. (GEV) (Industrials) with a 1Y correlation of -0.21, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GE Vernova Inc. | -0.21 | 0.03 | 0.03 | 89 | Industrials | |
| KLA Corporation | -0.16 | 0.12 | 0.32 | 95 | Technology | |
| Corning Incorporated | -0.16 | 0.12 | 0.27 | 98 | Technology | |
| ASML Holding N.V. | -0.15 | 0.13 | 0.33 | 93 | Technology | |
| Nova Ltd | -0.14 | 0.08 | 0.27 | 88 | Technology |
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